Economist.com %7C Spectrum policy

Economist.com %7C Spectrum policy:

"The old mindset%2C supported by over a century of technological experience and 70 years of regulatory habit%2C views spectrum%97the range of frequencies%2C or wavelengths%2C at which electromagnetic waves vibrate%97as a scarce resource that must be allocated by governments or bought and sold like property. The new school%2C pointing to cutting-edge technologies%2C says that spectrum is by nature abundant and that allocating%2C buying or selling parts of it will one day seem as illogical as%2C say%2C apportioning or selling sound waves to people who would like to have a conversation."